Can a Credit Card Be Issued to the Loan Accounts ?
Can a Credit Card be issued to other loan accounts such as overdraft facility, cash credit facility, working capital loan? Yes, paragraphs 7(b) and 7(c)
What If Credit Card is Issued Without Consent ?
What should a customer do if a credit card is issued without his/her consent (unsolicited card)? Card issuers are prohibited from issuing unsolicited credit cards
Can a Late Payment Fees Charges on Partial Payment?
In case a cardholder makes partial payment, can a card-issuer charge interest/levy late payment charges on the total amount due? In case a cardholder does
Can a Bank Charges interest on the Credit Card unpaid taxes ?
No, a bank or Credit card issuers shall not capitalize i.e., levy interest or any other charges, on the unpaid taxes/levies/charges. As the provision contained
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